Brexit gulf widens as UK and EU split on securitization regs

By Tom Brown
31 Mar 2021

The UK is overhauling its securitization regime following its exit from the EU in a bid to become a more competitive destination to host special purpose vehicles. The move comes as EU authorities sign the latest amendment to securitization rules, splitting the two jurisdictions further apart and causing headaches for issuers wanting to sell into both markets. Tom Brown reports.

The UK government has begun a 10 week consultation which aims to amend its tax regime for securitization. The paper focuses on niche tax issues, but hints at greater ambitions. 

“The government wishes to explore whether the scope of the assets that can be securitized within the regulations ...

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